Why is Jindal Worldwide falling/rising?

As of 01-Aug, Jindal Worldwide Ltd is experiencing a decline in its stock price, currently at Rs. 39.51, which represents a decrease of 1.16 (-2.85%). The stock has hit a new 52-week low of Rs. 39.03 today and has been on a downward trend for the last three days, accumulating a total drop of 4.29% during this period. Over the past week, the stock has decreased by 2.11%, and it has significantly underperformed over the last month with a decline of 27.93%. The company has a high Debt to EBITDA ratio of 2.81 times, indicating a low ability to service debt, which contributes to investor concerns. Additionally, despite a very attractive valuation with a ROCE of 12.5, the stock's performance has been poor, generating a return of -47.63% over the past year, while profits have only marginally increased by 0.3%.
In the broader market context, Jindal Worldwide's performance is notably weaker than the benchmark Sensex, which has only declined by 1.06% over the past week. The textile sector, in which Jindal operates, has also seen a decline of 2.93%, reflecting a challenging environment for the industry. The stock's liquidity is adequate, but there has been a significant drop in investor participation, with delivery volume falling by 34.57% against the 5-day average. This lack of interest from domestic mutual funds, which hold only 0.12% of the company, may indicate a lack of confidence in the stock's future performance. Overall, the combination of poor recent returns, high debt levels, and low investor participation is contributing to the stock's decline.